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This is Bob Larson with the Market Line Report for Tuesday, August 1st. The Ups and Downs continue on the market. From the floor of the CME in Chicago, here’s Virginia McGathey ...

McGathey ... “Today, the last day of the month, soybeans were lower. Favorable weather really weakened the grain across the board. Month-end trading blues kind of gave a mixed message today so the markets were kind of up and down. But, futures really remained, in a short-term channel. That being said, this weather market isn’t over yet so there’s a lot to be looking at right now. Tomorrow could be the consummate turn-around-Tuesday so we’re going to watch that closely. As wheat also fell in the market, global supplies really remained pretty ample right now and they’re holding the market steady.”